Dhaka, Bangladesh (BBN)– Rupali Life Insurance and Bangladesh General Insurance Company (BGIC) signed a trust deed recently to launch ‘Rupali Life Insurance First Mutual Fund’, a close end mutual fund.

Noor Mohammed Bhuiyan, managing director of Rupali Life, and AKAH Chaudhuri, BGIC managing director, signed the deed on behalf of the respective organizations

The Securities and Exchange Commission has already approved this BDT 1.0 billion fund, sponsored by Rupali Life.

Prime Finance Asset Management Company will manage the asset of the fund.

BBN/SSR/AD-24Oct10-11:21 am (BST)